MASREK
The computed 12-month bankruptcy probability of MASREK is 2.4% (moderate). The 2025 annual accounts show equity of €40k and a net result of €20k. Its solvency ranks better than 36% of 2904 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €40k |
| Net result | €20k |
| Better than sector | 36% |
| Active | 2 yrs |
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 30.9% | 43.3% | |
| Net result | €20k | €13k | |
| Equity | €40k | €44k | |
| Gross operating margin | €115k | €39k | |
| Staff costs | €76k | €30k |
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €32k |
| Net profit | €20k |
| Cash flow | €23k |
| Staff costs | €76k |
| Income taxes | €10k |
| Dividends | - |
| Total assets | €130k |
| Equity | €40k |
| Debt | €90k |
| of which ≤ 1y | €74k |
| of which > 1y | €16k |
| Working capital | €50k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 1.68 |
| Quick ratio | 1.68 |
| Working capital ratio | 38.7% |
| Solvency | 30.9% |
| Debt / equity | 2.24 |
| Long-term debt ratio | 0.39 |
| Interest coverage | 13.94 |
| Gross margin | - |
| Net margin | - |
| ROA | 15.5% |
| ROE | 50.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €130k |
| Fixed assets | 21/28 | €5k |
| Tangible fixed assets | 22/27 | €5k |
| Financial fixed assets | 28 | €423 |
| Current assets | 29/58 | €124k |
| Amounts receivable within one year | 40/41 | €124k |
| Cash & bank | 54/58 | €112 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €130k |
| Equity | 10/15 | €40k |
| Contributions / capital | 10/11 | €20k |
| Accumulated profits (losses) | 14 | €20k |
| Amounts payable | 17/49 | €90k |
| Amounts payable after one year | 17 | €16k |
| Amounts payable within one year | 42/48 | €74k |
| Trade debts payable within one year | 44 | €45k |
| Income statement | ||
| Gross operating margin | 9900 | €115k |
| Operating result | 9901 | €30k |
| Financial income | 75 | €3k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €30k |
| Income taxes | 67/77 | €10k |
| Net result for the period | 9904 | €20k |
| Result to be appropriated | 9905 | €20k |
-
Current01-07-2024 → present
Former directors (1)
-
Former- → 30-06-2024
| NACE primary | Algemene elektrotechnische installatiewerken(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 28-03-2024 |
| Status | Active |
| Postal code | 2018 |
Show 2 more network connections
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3838/00N000 | Flanders | 261 m² | 1 · 261 m² | 22.5 m · 6 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
16-12-2025 Registered office moved from Temse to Antwerpen
- Luxemburgstraat 20, 9140 Temse → Brusselstraat 51, 2018 Antwerpen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Antwerpen",
"region": "Vlaams Gewest",
"street": "Brusselstraat",
"country": "BE",
"postcode": "2018",
"box_number": null,
"street_number": "51"
},
"old_address": {
"city": "Temse",
"region": "Vlaams Gewest",
"street": "Luxemburgstraat",
"country": "BE",
"postcode": "9140",
"box_number": null,
"street_number": "20"
},
"effective_date": "2025-11-04",
"evidence_quote": "De maatschappelijke zetel wordt verplaatst naar 2018 Antwerpen, Brusselstraat 51."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "1007.721.914",
"name_full": "MASREK",
"legal_form": "BV"
}
}04-10-2024 Capital increase of €20,000 to €20,000
- €0 → €20.000
Technical details
{
"events": [
{
"kind": "capital_increase",
"amount": 20000,
"currency": "EUR",
"after_eur": 20000,
"delta_eur": 20000,
"before_eur": 0,
"amount_type": "kapitaal_effectief",
"effective_date": "2024-04-02",
"evidence_quote": "Op de honderd (100) aandelen werd onmiddellijk in geld ingetekend voor de prijs van tweehonderd euro (\u20AC 200,00) \u0440er stuk... door de heer ASLAN Muhammed... honderd (100) aandelen voor twintigduizend euro (\u20AC 20.000,00) Hetzij in totaal: honderd (100) aandelen, of de totaliteit van de inbrengen.",
"contribution_type": "cash"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "1007.721.914",
"name_full": "MASREK",
"legal_form": "BV"
}
}15-07-2024 1 director appointed, 1 resigning
- Aslan Türkan, Bestuurder
- Aslan Muhammed, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Aslan Muhammed",
"address": null,
"birth_date": null
},
"effective_date": "2024-06-30",
"evidence_quote": "De vergadering neemt kennis van het ontslag van dhr, Aslan Muhammed, wonende te 2890 Puurs-Sint-Amands, Valk 123, als bestuurder met ingang van 30 juni 2024. De vergadering verleent de bestuurder met eenparigheid van stemmen kwijting voor de uitoefening van het mandaat.",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Aslan T\u00FCrkan",
"address": null,
"birth_date": null
},
"effective_date": "2024-07-01",
"evidence_quote": "Met eenparigheid van stemmen wordt mevr. Aslan T\u00FCrkan, wonende te 2890 Puurs-Sint-Amands, Valk 123, benoemd als bestuurder voor onbepaalde duur met ingang van 1 juli 2024. De gekozen bestuurder aanvaardt haar mandaat."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "1007.721.914",
"name_full": "MASREK",
"legal_form": "BV"
}
}02-04-2024 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "9140 Temse, Luxemburgstraat 20",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "SEZER Fahri",
"niss": null,
"address": null
},
"share_class": "Aandelen",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 20000,
"holder_person_name": "SEZER Fahri",
"is_subscriber_only": true,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 20000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 20000,
"subject_company": {
"kbo": "1007.721.914",
"name_full": "MASREK",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2024-03-27",
"post_incorporation_mandates": []
}| Legal nameNL | MASREK |